Lands' End Cuts FY24 Net Revenue Outlook From $1.36B - $1.45B To $1.35B - $1.43B (Est $1.399B), Raises Adjusted EPS Forecast From $0.18 - $0.41 To $0.29 - $0.48 (Est $0.33)
Portfolio Pulse from Benzinga Newsdesk
Lands' End has revised its fiscal year 2024 financial outlook, lowering its net revenue forecast but raising its adjusted EPS forecast. The company expects mid-to-high single-digit growth in gross merchandise value and has provided updated figures for net income, adjusted net income, adjusted EBITDA, and capital expenditures.
September 05, 2024 | 10:53 am
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Lands' End has adjusted its FY24 financial outlook, reducing its net revenue forecast but increasing its adjusted EPS forecast. The company anticipates mid-to-high single-digit growth in gross merchandise value.
Lands' End's revision of its FY24 outlook includes a slight reduction in net revenue expectations, which could be seen as a negative. However, the increase in adjusted EPS forecast and expected growth in gross merchandise value are positive indicators. The mixed signals suggest a neutral short-term impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100